Are we really safe with all these crypto hacks?

[Mummy OS]

Are we really safe with all those crypto hacks we have been seeing from month to month with no one to tell us what the future of digital currency holds. From one hack to another and it is looking like this is just the beginning of it all.

To my greatest surprise, If I was told that Binace is going to be the next on the list for exchange hacks I will never concur to that because I thought Binace has one of the best security for both users and their team due to their past experiences in 2019 and there about. I am starting to think if we'll are safe in this era of artificial intelligence.

Binance had hired several US cyber crime investigators to help in her affairs after the 2019 hack on their platform to strengthened their security to this day. Matthew Price was a former US agent that joined Binace to strengthened their cyber security and other famous security personnel including Jimmy Su which is the Head of Security on the Binace exchange. I think this hack must have been facilitated with the help of artificial intelligence using reverse engineering.


https://x.com/QmoCrypto/status/2115920642931569028


 
https://x.com/BitcoinNewsCom/status/2116042831714537607


https://x.com/TheMoneyApe/status/2116060113467592853


https://x.com/bitcoinlfgo/status/2116006240296079416

We have recorded more than 4 crypto hacks this year and nobody is talking about if it's going to affect other exchanges  and wallets in the nearest future. Hackers are becoming smarter by the day with the help of artificial/super intelligence that has been helping these criminals to facilitate their wicked attacks on multiple platforms.
Can the use to artificial/super intelligent also helps to prevent this kind of attacks on exchanges and crypto wallets? Perhaps individual holders are not exempted.

[Karl_3000]

https://x.com/QmoCrypto/status/2115920642931569028

This is full of wrong information.

Bybit hack was $1.46 billion that was stolen. Bitget hack was 387.5 million. $6.3 billion has been reported for now for Binance.

We have recorded more than 4 crypto hacks this year and nobody is talking about if it's going to affect other exchanges  and wallets in the nearest future. Hackers are becoming smarter by the day with the help of artificial/super intelligence that has been helping these criminals to facilitate their wicked attacks on multiple platforms.
Can the use to artificial/super intelligent also helps to prevent this kind of attacks on exchanges and crypto wallets? Perhaps individual holders are not exempted.

Bybit was hacked in 2025 and and not in 2026. There are also more than 4 breaches this year.

[Sim_card]

AI is making it easy for these hackers nowadays, unlike before. Though, hacks on exchanges have been happening in the past but not as high as that of this year and the year isn't over yet. No Exchange is above hacking which is the reason why we always advise people to store their coins in a noncustodial wallet where they have full control on their private keys. However, these Exchanges have come to stay regardless the hack because customers funds are SAFU. Bitget got hacked and still operating so, I believe Binance will cover the losses.

[Doan9269]

What is really happening these days, I just came across that of Trezor implants and now binance, just this last week to this time, we have experienced several scam/hack related activities leading to loss of user assets.

If you are still holding your asset on a centralized exchange, then it is either you are not aware of all this happening or you are just being negligence of this safety of your assets to this platforms, always remember that not your keys not your coins will remain as long as we are using a third parties centralized platform to hold our assets, because they have the private keys with them and will not release to you except your assets are in your custody.

[Joy_learns_crypto]

You don't have to feel say, the bright side if these crypto hacks is that we see the relevance of being security ready at every time.
Many schools of thoughts has it that what you don't put in use your will lose it, if we don't put the side of our conscience that makes us security ready to use we would use it and the effect would be bad.

North Korea has been credited to two of the top crypto hacks, it has also been speculated that these heist are use for the procurement of ammunition fi North Korea. When and if this case is solve will help with any future attacks coming from that region, because they are the biggest and most expensive threat to the crypto world.

[KawasakiNinja1_]

https://x.com/QmoCrypto/status/2115920642931569028

This is full of wrong information.

Bybit hack was $1.46 billion that was stolen. Bitget hack was 387.5 million. $6.3 billion has been reported for now for Binance.

Undoubtedly all the information on Twitter that he published is incorrect but he should have noticed that the information he published in the second tweet already mentioned that $6.3 billion worth of crypto was hacked from Binance. However despite so many assets being hacked, assets worth $2.80 billion are still frozen on this exchange. We should also note that Binance hackers hacked a large amount of assets from Binance Hot Wallet via nine chains.


https://x.com/arkham/status/2116022327674810570?a=Ems7jpN1u7OCKHIpqsw&s=19

[PostQuantumBTC]

AI is making it easy for these hackers nowadays, unlike before. Though, hacks on exchanges have been happening in the past but not as high as that of this year and the year isn't over yet. No Exchange is above hacking which is the reason why we always advise people to store their coins in a noncustodial wallet where they have full control on their private keys. However, these Exchanges have come to stay regardless the hack because customers funds are SAFU. Bitget got hacked and still operating so, I believe Binance will cover the losses.

There is nothing better than having your coins sent to addresses you generated on self-hosted wallets, but some people will not just do that until they lose coins or not able to have access to their coins on the exchanges for sometime. I guess they will not be convinced if Binance is also able to pay all users and the exchange continue to provide crypto services to its customers. All the exchanges and places that were hacked do not have excuses if AI is used or not used by the hackers.

[Son Of Blockchain (SOB)]

You don't have to feel say, the bright side if these crypto hacks is that we see the relevance of being security ready at every time.
Many schools of thoughts has it that what you don't put in use your will lose it, if we don't put the side of our conscience that makes us security ready to use we would use it and the effect would be bad.

North Korea has been credited to two of the top crypto hacks, it has also been speculated that these heist are use for the procurement of ammunition fi North Korea. When and if this case is solve will help with any future attacks coming from that region, because they are the biggest and most expensive threat to the crypto world.

You're right, these hacks shouldn't discourage anyone about cryptocurrency/Bitcoin. When things like these happen some people only focus on the negative side forgetting that there's a positive side of it that's very beneficial in terms of carrying out transactions and preserve the value of money.
 I'm still suprised how those behind these hacks haven't been caught or am i wrong about that? Cause I've not heard of any suspects or are the North Korean hackers that good?

[Dr.Bitcoin_Strange]

and nobody is talking about if it's going to affect other exchanges  and wallets in the nearest future.

These hacks happens unannounced, so no body can really tell you or anyone whether it will happen to other exchanges in the feature, if a hacker and his team are the first to discover a vulnerability in a system, they could take advantage of that opportunity to attacks the company. Those hackers have various targets and they don't only discover vulnerability but they could also launched their own attack on a system and if the system doesn't have enough protection, the hacker can succeed. Everyone just have to be extremely careful and take their security methods more serious than before. I know that some of us like downloading different things online and click on different links, not minding whether it contains some malware, we should be more careful now and remember, "Not your key, not your coin"

[Hyphen(-)]

AI is making it easy for these hackers nowadays, unlike before. Though, hacks on exchanges have been happening in the past but not as high as that of this year and the year isn't over yet. No Exchange is above hacking which is the reason why we always advise people to store their coins in a noncustodial wallet where they have full control on their private keys. However, these Exchanges have come to stay regardless the hack because customers funds are SAFU. Bitget got hacked and still operating so, I believe Binance will cover the losses.

This is one of disadvantages of AI, but these scammers are experienced scammers, I believe that AI can be of help, but we can't blame AI for some of these, we need to blame the exchanges just as we blame hard ware wallet that were hacked in some couple of days back, we blame the owners for given clue and failing to do their job right which is why some of the wallets got compromised, we have to blame the exchange for this also.

All I can say is that, we have come to an era to realize how important privacy is and how important it is to control our assets on our own. These exchanges cannot be trusted, we have to be responsible for our assets, we need to use non-custodial wallets to hold our assets. We keep using exchanges and hackers keep hacking them, if we are not trading, there is no reason for leaving your crypto assets in any centralized exchange because you might be in need to withdraw your money and the exchange will limit or even stop you for some times, and if it is an emergency, then it will affect you.

[osasshem]

What can we truly call security again after all these hacks, and possibly more to come. The use of AI to enhance the rate of hacking and breaking of security protocols is becoming too easy, and we will be having an unsafe environment around the internet. This is a reason why the news of not keeping your assets on hold in any of these exchanges, cause as humans, a time will come where a flaw/little mistake can cause harm, and with the current use of AI, it has only enhanced these experienced hackers to make their works/automation much easier.

To what extent do we need to carry our security level, as more platforms that are supposed to be equipped with high level of security due to the activities done within their platform is breached in a short time, and millions/billions are lost in a twinkle of an eye.
This is becoming more scary than ever.